SNC-Lavalin to acquire Kentz

SNC-Lavalin Group Inc. has agreed with Kentz Corp. Ltd on the terms of a cash acquisition by which the entire ordinary share capital of Kentz will be acquired by SNC-Lavalin.

Offshore staff

MONTREAL, CanadaSNC-Lavalin Group Inc. (TSX: SNC) has agreed with Kentz Corp. Ltd on the terms of a cash acquisition by which the entire ordinary share capital of Kentz will be acquired by SNC-Lavalin.

Kentz is a global oil and gas services company, with 14,500 employees operating in 36 countries who provide engineering, construction, and technical support services to clients in the oil and gas sector.

The acquisition is aligned with SNC-Lavalin's strategy of becoming a global Tier-1 engineering and construction services firm. The addition of Kentz's capabilities will provide SNC-Lavalin with a greater presence in key growth regions, including theMiddle East, North America, Asia Pacific, and Australia.

06/23/2014

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